New Zealanders wishing to enter the property market or to save for their home have often occupied a property while doing it up, then sold it at a profit. Exclusions have meant that the profit made hasn’t been taxed. Now the opportunity to use this process is tightening up.
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Residential investors often perceive buying commercial property as the ‘next step up’. Commercial property can be lucrative but it’s far more complex than you may realise. There are a number of important considerations to bear in mind before taking the plunge! First-time commercial property investors need to be aware of the risks and make…
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Unit titles have their own idiosyncrasies so it’s worth taking time to understand how they operate if you’re buying one for the first time.
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We are seeing more and more clients in relationships wanting certainty around the assets they own. These clients are at different ages and stages of life. They want to know what they would walk away with if the relationship was to end, either by separation or death.
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Discerning buyers know you get what you pay for. But lawyers are not great at communicating the value provided by their services. We prefer the end results to speak for themselves. There is a flaw in this somewhat arrogant approach, however. Particularly when it comes to legal services around planning for our personal assets.…
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It’s common to think that only the elderly need to put enduring powers of attorney in place, but the reality is everyone should have them.
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Clients are loaning their parents cash. These loans are being secured in one of two ways. A mortgage over the parents’ family home, with repayment expected upon the death of both parents. Or children are being sold a portion of the family home in consideration.
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Today, Friday 8th March, we celebrate International Women’s Day. This year the theme is #balanceforbetter. If gender is a consideration in your selection process when looking for a property law firm; consider AlexanderDorrington. Find out why…
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The Residential Tenancies Amendment Bill (No 2) is currently before Parliament. Christine Cechova looks at the amendments and considers the potential effects on tenants and landlords. The rental landscape as we know it is shifting.
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A raft of reforms to the Residential Tenancies Act 1986 have been put into place in the past two years. Landlords can be forgiven for being confused as to what exactly is fact and what is fiction. What has come into force and what is still being debated? This is the first in a series of blogs discussing these reforms. Christine Cechova makes things clearer, starting with two changes that are already in force:
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The Overseas Investment Act 2005 provides that a transaction needs consent when there is an overseas investment in sensitive land. What is sensitive land? What type of property transaction is caught?
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An act that has underpinned our land transfer system for 60 years was put to bed and the Land Transfer Act 2017 became effective. That change may not impact on you daily, but some things will impact on how you complete your developments in the future.
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